Direct Dye Market

The article discusses the increasing demand for direct dyes worldwide, forecasting a positive trend in market consumption and value over the next eight years. It highlights key data such as consumption volumes, market sizes, production trends, export and import figures, and price variations. The analysis covers leading countries in consumption, production, exports, and imports, showcasing growth rates and market shares. Overall, the global direct dye market is expected to continue expanding with notable fluctuations in prices and trade dynamics.

Market Forecast

Driven by increasing demand for direct dyes and preparations based thereon worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 517K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market value to $3.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Direct Dyes And Preparations Based Thereon

In 2022, consumption of direct dyes and preparations based thereon increased by 0.9% to 469K tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak volume of 476K tons. From 2019 to 2022, the growth of the global consumption failed to regain momentum.

The global direct dye market size declined to $2.9B in 2022, shrinking by -6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $3.4B. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (90K tons), the United States (58K tons) and India (36K tons), with a combined 39% share of global consumption. Belgium, Japan, Indonesia, Russia, Brazil, Pakistan, Nigeria, Mexico, the UK and France lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +26.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest direct dye markets worldwide were Japan ($491M), Pakistan ($429M) and China ($306M), together accounting for 42% of the global market. The United States, India, Indonesia, Brazil, Mexico, Belgium, Nigeria, France, the UK and Russia lagged somewhat behind, together comprising a further 23%.

Belgium, with a CAGR of +19.2%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of direct dye per capita consumption was registered in Belgium (2,007 kg per 1000 persons), followed by the United States (173 kg per 1000 persons), the UK (165 kg per 1000 persons) and Japan (149 kg per 1000 persons), while the world average per capita consumption of direct dye was estimated at 60 kg per 1000 persons.

In Belgium, direct dye per capita consumption expanded at an average annual rate of +25.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the United States (+2.7% per year) and the UK (-0.8% per year).

Production

World Production of Direct Dyes And Preparations Based Thereon

In 2022, global direct dye production dropped to 450K tons, reducing by -4.1% on 2021 figures. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. As a result, production attained the peak volume of 470K tons. From 2019 to 2022, global production growth remained at a lower figure.

In value terms, direct dye production declined to $3B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, global production reached the maximum level at $3.2B in 2021, and then fell in the following year.

Production By Country

The countries with the highest volumes of production in 2022 were China (96K tons), India (82K tons) and the United States (57K tons), together accounting for 52% of global production. Russia, Indonesia, Brazil, Spain, Pakistan, Nigeria, Japan, the UK, Mexico and France lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Indonesia (with a CAGR of +8.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Direct Dyes And Preparations Based Thereon

For the third year in a row, the global market recorded growth in purchases abroad of direct dyes and preparations based thereon, which increased by 11% to 136K tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, direct dye imports reduced slightly to $433M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, global imports attained the peak figure at $442M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, Belgium (23K tons), followed by the Netherlands (15K tons), Germany (8.8K tons), Italy (8.6K tons), Japan (6.8K tons) and Poland (6.5K tons) represented the main importers of direct dyes and preparations based thereon, together constituting 50% of total imports. China (5.9K tons), France (5.1K tons), Indonesia (4.5K tons), the United States (4.4K tons), Spain (3.1K tons), Vietnam (3K tons) and the UK (2.9K tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +39.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($41M), the Netherlands ($35M) and Japan ($33M) were the countries with the highest levels of imports in 2022, together comprising 25% of global imports. Germany, China, the United States, Vietnam, France, Poland, Spain, Indonesia, the UK and Belgium lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Vietnam, with a CAGR of +15.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average direct dye import price stood at $3,180 per ton in 2022, declining by -10.3% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10% against the previous year. As a result, import price attained the peak level of $4,733 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,704 per ton), while Belgium ($133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.5%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Direct Dyes And Preparations Based Thereon

In 2022, approx. 117K tons of direct dyes and preparations based thereon were exported worldwide; with a decrease of -7.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. As a result, the exports reached the peak of 128K tons, and then fell in the following year.

In value terms, direct dye exports shrank to $402M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports attained the peak of $428M, and then contracted in the following year.

Exports By Country

India was the largest exporting country with an export of around 46K tons, which finished at 39% of total exports. Spain (13K tons) ranks second in terms of the total exports with an 11% share, followed by China (10%) and the Netherlands (8.7%). The following exporters - Germany (4.9K tons), Poland (4.8K tons), Turkey (4.7K tons), France (3.9K tons), the United States (3.4K tons), Taiwan (Chinese) (2.9K tons), Italy (2.8K tons) and Indonesia (1.8K tons) - together made up 25% of total exports.

Exports from India increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, Poland (+56.7%), Indonesia (+39.7%), the Netherlands (+35.1%), Turkey (+19.3%), Italy (+6.0%) and France (+5.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.7% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, China (-2.1%), the United States (-2.3%), Taiwan (Chinese) (-6.1%) and Germany (-7.5%) illustrated a downward trend over the same period. While the share of India (+14 p.p.), the Netherlands (+8.1 p.p.), Poland (+4.1 p.p.), France (+3.4 p.p.) and Turkey (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-1.9 p.p.), Spain (-2.1 p.p.), Taiwan (Chinese) (-3.5 p.p.), China (-6.2 p.p.) and Germany (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($135M) remains the largest direct dye supplier worldwide, comprising 34% of global exports. The second position in the ranking was taken by China ($40M), with a 9.9% share of global exports. It was followed by Spain, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +6.8%. In the other countries, the average annual rates were as follows: China (-0.9% per year) and Spain (+1.1% per year).

Export Prices By Country

In 2022, the average direct dye export price amounted to $3,421 per ton, rising by 1.8% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $4,688 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5,079 per ton), while France ($1,798 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform